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Forum
-> Household Management
-> Finances
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amother
Green
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 Wed, Mar 08 2017, 8:27 am
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A relative's cellphone was stolen and someone told me if you paid by credit card then the credit card company may refund the price paid? How can they afford to?
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amother
Pearl
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Wed, Mar 08 2017, 9:12 am
| amother wrote: | | A relative's cellphone was stolen and someone told me if you paid by credit card then the credit card company may refund the price paid? How can they afford to? |
do you think the cc companies are low on funds?
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doctorima
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Wed, Mar 08 2017, 10:00 am
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They may have insurance policies that cover these things, or else they cover it out of their profits. But for stolen/lost items, I believe that only a few of the fancy, more expensive cards (like AmEx Platinum) will cover it. Broken or defective is much easier. Check the policies of whatever card was used to buy it.
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